Mid-America Apartment Communities Inc. (MAA) now owns Houston’s 352-unit Alexan Heights, in a deal that is said to have been worth $70 million. Trammell Crow Residential was the developer – and the seller. The current transaction represents Mid-America’s first urban apartment deal.

The property at 655 Yale St., was TCR’s second apartment development in a neighborhood known as the Houston Heights. Since then, the developer has gone north on Alexan Yale Street, across the street from Alexan Heights. TCR’s first Heights-built apartment, was bought by Camden Property Trust.